Full Year 2022 Fonterra Co-Operative Group Ltd Earnings Call Transcript
Good day, and thank you for standing by. Welcome to Fonterra 2022 Annual Results Investor Briefing Teleconference. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mr. Miles Hurrell, our CEO of Fonterra. Thank you. Please go ahead.
Thank you, Kurt. Good afternoon, and welcome to our Q&A this afternoon. As said, I'm Miles Hurrell, CEO, but I'm joined here for today, Marc Rivers, our CFO; Chris Rowe, who will be acting Chief Financial Officer from the 1st of October; and Simon Till, Director of Capital Markets. And as you would have seen this morning, we released our market update for the F '22 annual results. And hopefully, you've had a chance to review those results and listen to the briefing video, which we put on our website.
But in summary, we've had a good year. Headline level starts with the milk price, $9.30 per kilogram of milk solids, but also improved earnings, $0.35, the top
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